TVS Motors Chart Analysis !!📈 TVS Motors 📉
My Findings :- Breakout from a Resistance Zone in third attempt with a strong green candle.
Bias- Long
Target- 709, 754 and 813
SL- 7350
RR- 1: 2.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Autosector
Escorts Break Down !! #AutoStock📈 Escorts Ltd. 📉
This Stock broke Down from a Down Trending Chanel after testing three times. It was in consolidation inside Channel since last four months and today that ended on Short side So I am biased on sell side as todays candle closed is strong red.
On Sell Side I am looking for Targets of 1595 and 1434.
StopLoss should be kept at 1860.
It offers 1 : 1.5 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
A short trade in BALKRISIND BALKRISIND has reached supply zone in daily timeframe. A short trade around 2480 with SL of 2540 looks good as it has made back to back 10 green candles and now the momentum seems to slowing down after entering demand zone. Targets 2400,2360,2320. A bear put spread can also be used to enter this short trade if liquidity in option prices permits.
Tesla Game PlanAs the EV game is getting stronger we must have one of them in our portfolio.
The leader of the EV pack TESLA.
They have produced magnificent numbers in terms of sales literally making it 2x compared to last year.
Recent upgrades by Morgan Stanley etc.
The company is rewriting the mechanism of the chips , clearly taking advantage of the chip shortage crisis.
EICHER MOTORS LONGDaily chart of Eicher motors shows double resistance breakout plus double bottom formation
Auto Sector shows breakout too
Overall market seems strong till 17620 levels atleast
Can enter @2570 after a healthy retest with target around 2743
Main strict SL @2546 closing basis as there is chip shortage going on in auto sector.
FOLLOW FOR MORE IDEA
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS...
LG balakrishna Bros, strong #LGBBROSLTD
#LGBBROS
#LGBROS
LG Balakrishna.
No. 1 OEM Supplier for drive chains of 2 wheelers.
Looks good on chart.
I will enter at day close if candle looks good.
SL Will be tight and strict, as broader market is dicey.
Can be taken for long term folio as well, fundamentally good. !!
#vr
Tata Motors Trade Setup For Tomorrow (Short)As you can see in the chart stock reverse from the resistance level of 480.
.
Now again stock is the at the where you can sell this trade, if Tata motors go below 466,
.
We can sell this trade for the target of 458, if stock goes below 450 then maybe stock can fill the gap.
.
So what's your view on this comment below in the box.
Maruti - Zone of interest. Maruti is trying to prepare for its move. Every retracement coming upper levels is higher than the previous. Bulls are alive and have been accumulating this stock at the lower levels. Maruti could potentially have an ascending triangle breakout. The previous one has been turned into a failure.
Keep this stock on your watchlist for trading and investment.
Hero Moto Corp " RSI Bullish Divergence " Spotted - Update (2Hr)Category: RSI Oversold (Higher TF) + Retracement Zone
Key Highlights:
1. Bullish market structure on RSI Bullish Divergence
2. Price taking support from one of the key support levels.
3. A lot of things are going on in the backend of the company in EV Transformation and is set to pickup in some time.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Abhishek Singh (@Abhishek_TradersSin)
~ Middle-class IT Employee trying to simplify Technical Analysis .
~ Do follow and like if you like the work.
MARUTI SUZUKI PRICE ACTION ANALYSIS. LONG IDEAMaruti's price has fallen significantly recently. This pattern is perfect to be called a Shark pattern. After a second impulse, the correction went too deep and is expected to be reversed from the PRZ.
This is XABCD bullish shark pattern has extensions 0.886-1.13 which form the potential reversal zone (PRZ).
We can also a downtrend line is broken, but for confirmation wait until the price breaks the supply zone. Any rejection from the supply zone might throw the price near the demand zone.
Buying from a PRZ gives us a high risk-reward ratio. The stop loss and target levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
NIFTY AUTO ON FIRE! NEAR THE SUPPLY ZONE THOUGH.Nifty Auto showed immense strength bouncing off 200 EMA line and now opening with a gap up and holding above the B level of XABCD bearish butterfly pattern drawn on the chart.
The price is near the supply zone but after taking so much beating, it may not reverse again but takes a pullback and continues the rally in my opinion. Or might even fail from the supply zone, so keep a watch.